Accelerating outward

The Commerce Ministry's new regulation on outward investment will serve as a tailwind for Chinese enterprises eager to invest more abroad. By streamlining the approval process, it will enable domestic companies to more easily seize investment opportunities they see internationally.

Meanwhile, an imminent surge of Chinese investment in other countries will also help reduce global imbalances, a key step to pull the world economy out of the slump it's now in.

However, in spite of all the obvious benefits of their accelerated "going-out", Chinese companies should by no means expect a warm welcome from recipient countries.